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EUR/JPY Price Analysis: Temporary support emerges at 158.80

  • EUR/JPY adds to Thursday’s corrective decline.
  • Further losses are expected in the short term.

He EUR/JPY is under additional selling pressure following Thursday’s 2023 highs north of the 164.00 barrier.

Continuation of the pullback from overbought levels seems in sight for the moment. Conversely, the cross could initially revisit the provisional 55-day SMA near 158.80 before the weekly low of 157.69 (Oct 30).

For now, the positive long-term outlook for the cross seems favored as long as it remains above the 200-day SMA, today at 152.68.

EUR/JPY Daily Chart


Latest price today 162.79
Today I change daily 145
Today’s daily variation -0.43
Today’s daily opening 163.49
daily SMA20 160.55
daily SMA50 158.8
SMA100 daily 157.97
SMA200 daily 152.61
Previous daily high 164.31
Previous daily low 163.26
Previous weekly high 161.95
Previous weekly low 160.15
Previous Monthly High 160.85
Previous monthly low 154.39
Daily Fibonacci 38.2 163.66
Fibonacci 61.8% daily 163.91
Daily Pivot Point S1 163.06
Daily Pivot Point S2 162.63
Daily Pivot Point S3 162.01
Daily Pivot Point R1 164.11
Daily Pivot Point R2 164.74
Daily Pivot Point R3 165.17

Source: Fx Street

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